Remove Global Remove Industrial Remove Malaysia Remove Wind
article thumbnail

Hexa Research forecasts $10.96B global rare earth elements market by 2020

Green Car Congress

will drive global market growth, resulting in a global rare earth elements market reaching $10.96 Rising demand for permanent magnets in electronic, wind turbine and automotive sectors will translate into high demand for neodymium. Elements such as terbium, europium and yttrium are used in the phosphors industry.

2020 150
article thumbnail

SGH2 building largest green hydrogen production facility in California; gasification of waste into H2

Green Car Congress

The technology has been vetted and validated, technically and financially, by leading global institutions including the US Export-Import Bank, Barclays and Deutsche Bank, and Shell New Energies’ gasification experts. Waste is a global problem, clogging waterways, contaminating oceans, packing landfills and polluting skies.

Waste 448
article thumbnail

ICCT life-cycle analysis finds no climate benefit in using LNG as marine fuel

Green Car Congress

Moreover, to comply with IMO’s 2020 global sulfur limit, ships must either switch from HFO to more expensive very low sulfur fuel oil (VLSFO) or use HFO with a scrubber, if they have one installed. The shipping industry increasingly is also looking to LNG as a way to meet the International Maritime Organization’s (IMO) climate goals.

Mariner 427
article thumbnail

IISA study proposes using airships for efficient cargo or hydrogen transportation

Green Car Congress

The transport sector is responsible for around 25% of global CO 2 emissions caused by humans. In the study, researchers from IIASA, Brazil, Germany, and Malaysia looked into how an airship-based industry could be developed using the jet stream as the energy medium to transport cargo around the world.

Hydrogen 268
article thumbnail

Pensana plans $125M rare earth separation facility in England

Green Car Congress

The global rare earth market, driven by demand from industries including electric vehicles and offshore wind, is expected to increase five-fold by 2030 and the NdPr oxide price is forecast to increase at a CAGR of 4.8 - 9.9%, underpinning strong economics for the investment.

Angola 345
article thumbnail

JARE investing AUD200M in Lynas Rare Earths; heavy rare earths for Japan

Green Car Congress

The new agreements will further strengthen the Lynas balance sheet and support funding of capital projects designed to meet accelerating global demand for rare earth materials. Australia-based Lynas Rare Earths Limited has signed new agreements with Japan Australia Rare Earths B.V. LRE supplied to Japan by Lynas from Mt.

Japan 199
article thumbnail

The Coming Boom in Rare Earths

Cars That Think

Because of their unique luminescent, electrochemical, and magnetocrystalline properties, rare-earth elements are essential to some of the most important and fastest-growing tech-based industries. That critical importance of rare-earths in so many tech industries is of mounting concern in many Western countries. Wind turbines, too.

Australia 112